In a recent report on the Canadian economy, it was revealed that the average weekly earnings in the country experienced a decrease in December 2023. The data, which was updated on 28th February 2024, shows that the current indicator stands at 3.8%, down from the previous month's figure of 4.1% in November 2023.
The comparison period used for this data is year-over-year, meaning that the current change is compared to the same month a year ago. This drop in average weekly earnings may have various implications for individuals and the overall economy in Canada. Analysts will be closely monitoring this trend to assess its potential impact on consumer spending and economic growth in the coming months.
